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ADOBE SYSTEMS INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
90
Cash, cash equivalents and short-term investments consisted of the following as of November 28, 2008 (in thousands):
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Estimated
Fair Value
Current assets:
Cash ...........................................
$
117,681
$
—
$
—
$
117,681
Cash equivalents:
Money market mutual funds .....................
682,148
—
—
682,148
Bank deposits .................................
40,594
—
—
40,594
United States treasury notes ......................
35,992
7
—
35,999
Corporate bonds ...............................
10,028
—
—
10,028
Total cash equivalents ........................
768,762
7
—
768,769
Total cash and cash equivalents ...................
886,443
7
—
886,450
Short-term investments:
United States treasury notes ......................
863,772
14,384
(1
)
878,155
Corporate bonds ...............................
109,415
219
(997
)
108,637
Obligations of foreign governments ...............
115,316
811
(33
)
116,094
Bonds of multi-lateral government agencies .........
26,559
260
—
26,819
Subtotal ....................................
1,115,062
15,674
(1,031
)
1,129,705
Other marketable equity securities.................
2,773
274
—
3,047
Total short-term investments ...................
1,117,835
15,948
(1,031
)
1,132,752
Total cash, cash equivalents and short-term investments ...
$
2,004,278
$
15,955
$
(1,031
)
$
2,019,202
See Note 4 for further information regarding the fair value of our financial instruments.
The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities,
aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss
position, at November 27, 2009 (in thousands):
Less Than 12 Months
Total
Fair Value
Gross
Unrealized
Losses
Fair Value
Gross
Unrealized
Losses
United States treasury notes and agency bonds
$
11,179
$
(1
)
$
11,179
$
(1
)
Government guaranteed bonds .............
5,041
(1
)
5,041
(1
)
Total ..............................
$
16,220
$
(2
)
$
16,220
$
(2
)
As of November 27, 2009, there were no securities in a continuous unrealized loss position for more than twelve
months. There were 4 securities that were in an unrealized loss position at November 27, 2009.
The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities,
aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss
position, at November 28, 2008 (in thousands):
Less Than 12 Months
Total
Fair Value
Gross
Unrealized
Losses
Fair Value
Gross
Unrealized
Losses
United States treasury notes ...............
$
37,400
$
(1
)
$
37,400
$
(1
)
Corporate bonds.........................
67,606
(997
)
67,606
(997
)
Obligations of foreign governments .........
28,033
(33
)
28,033
(33
)
Total ..............................
$
133,039
$
(1,031
)
$
133,039
$
(1,031
)
As of November 28, 2008, there were no securities in a continuous unrealized loss position for more than twelve
months. There were 33 securities that were in an unrealized loss position at November 28, 2008.